On Brexit, TTIP and the City of London

Beyond the specifics of the future relationship, in the short-to-medium-term a degree of honesty and humility is warranted. The EU line on financial services is not going to crack, and the member-states do not believe they need the City as much as the City believes they should. If the UK is unwilling to change its Brexit negotiating red lines, and in particular its plan to leave the single market, the only way for a UK-based financial institution to guarantee its continued ability to service EU-27 customers post-Brexit is to establish itself within the EU-27. And the EU is rolling out the red carpet.

United Kingdom: House of Commons: Library: Briefing Paper, No.7628 (12.07.18, and periodically updated): Brexit & financial services (et al) http://www.europeansources.info/record/brexit-financial-services-2/

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